How cool If you get a credit card with no annual fees. Yes, it is not bad to pay annual fees for a credit card if you get benefits in return for your expense. But nowadays there have many financial institutes that offer rewards credit cards with no annual fees. And it is not a bad idea to use a rewards credit card with no annual fees because it will allow you to run your credit card for a long time with no charge. Besides a credit card with no annual fees also save your wallet as well.
Hi there, this is Mark Jones, we work with a credit card processing institute. Many of our visitors want to know what is the best rewards credit cards with no annual fees. Well, today in this article I am going to introduce you to the 10 best rewards credit cards with no annual fees and some FAQs related to them.
Table of Contents
- List Of The Best Rewards Credit Cards With No Annual Fees
- FAQs & Answers
- Point VS Cash Back
- Debit Card VS Credit Card
List Of The Best Rewards Credit Cards With No Annual Fees
1. Cash Freedom Flex
The first best reward credit card with no Annual Fees is Cash Freedom Flex. Cash Freedom Flex by Chase Bank offers a 200 dollars bonus after you spend 500 dollars on purchase in the first 3 months. Besides, it offers rewards on grocery purchases and combined purchases. Cash Freedom Flex credit card offers 5% cash back on grocery store purchases on up to 12000 spent in your first year. And you can get 5% cashback on up to 1500 dollars in the combined purchase. There have no annual fees or hidden charges as well. It also offers 3% cashback on dining, 3% on drugstore, and 1% on all other purchases. But it requires a good or excellent personal FICO score to get a Cash Freedom Flex credit card.
2. Discover It Cash Back
Discover IT Cash Back credit card has no annual fees. The credit card provides rewards in rotating quarterly categories. The best part of the Discover IT Cash Back is there is no minimum or maximum rewards. It offers 5% cash back in rotating quarterly categories. You can get up to 1500 dollars each quarter as cashback rewards. And 1% cashback rewards on all other purchases. Though there have no annual fees it charges a 3% introductory fee and up to 5% on future balance transfers. Another best part of the card is it comes with introductory rewards. The Discover IT Cash Back offers 0% intro APR for 14 months on purchase and balance transfer. Overall it is the best fit for everyone who is looking for a rewards credit card with no annual fees.
3. Capital One SavorOne Cash Rewards Credit Card
If you are looking for a reward credit card to get some discount on your restaurant bill or grocery payment then Capital One SavorOne Cash Rewards Credit Card be a good option for you. Once you purchase 500 dollars with the first 90 days of accounting opening it rewards you up to 200 dollars cash bonus. Besides the reward credit card with no annual fees offers 3% cashback on dining, streaming services, grocery purchase, entertainment. You can also get 1% cashback on all other purchases you make with the Capital One SavorOne Cash Rewards Credit Card. Capital One SavorOne Cash Rewards offers 8% cashback on tickets at Vivid Seats. This offer will be available through January 2023.
4. Bank Of America Travel Rewards Credit Card
How cool if you get 1.5 points rewards per dollar on your spending and you can get a maximum discount by redeeming points. Yes, the Bank Of America Travel Rewards is a solid no annual fee credit card, especially for rewards. If you love to travel and use your credit card to pay bills, hotel rent, or other travel expenses then with no foreign transaction fees and no annual fees the Bank Of America Travel Rewards Credit Card can be a good choice.
If you make at least 1000 dollars purchase in the first 90 days of your account opening the credit card offers 25000 bonus points. Besides, it offers 0% intro APR on the first 15 purchases. And the 25000 reward points can be a 250 dollars statement credit toward travel purchases. But you can use these points for travel or dining purchase. And you need to use these points within 12 months. If your combined balances of 10000 dollars or more then you will reward 5.25 points per dollar spent at Bank Of Amerca Travel Center.
5. INK Business Cash Credit Card
If you are related to business or telecom services and looking for a rewards credit card with no annual fees then INK Business Cash Credit Card can a good choice for you. If you purchase 7500 in the first three months, INK Business Cash will reward you with 750 dollars cashback. The credit card also offers 5% cashback on the first 25000 dollars purchases on internet cable and phone service expenses. It will also reward you will 2% cashback on the first 25000 dollars purchase at gash station and restaurant. And you will get in the account anniversary year. Besides, you will earn 1% cashback on all other purchases with INK Business Cash Credit Card. The Ink Business Cash Credit Card also offers a 0% intro APR period. You are getting 0% APR on purchases for the first 12 months. But it doesn’t offer free foreign transactions. For foreign transactions, it will charge a 3% flat fee.
6. US Bank Altitude GO Visa Signature Card
US Bank Altitude GO Visa Signature Card is a little bit similar to the Bank Of America Travel Rewards Card. The US Bank Altitude GO Visa Signature Card is another best rewards card with no annual fees for those who like to spend on dining. The card reward with points. And you can get a discount or make a purchase with your bonus points. The US Bank Altitude GO Visa Signature Card reward with 20000 bonus points on 1000 dollars spend on the first 90 days. Besides it also offers 4X points on takeout, food, and dining. You can also earn 2X points on grocery purchase, delivery, streaming services, and gas stations. If you are a Netflix or Spotify user then you can earn 15 dollars credit for annual purchase. It charges a simple fee on balance transfer. But there have no fees for foreign transactions.
7. Citi Double Cash Card
Citi Bank is a popular name in the US. If you are looking for a reward credit card with no annual fees then Citi Double Cash Card is a good option for you. The best part of the Citi Double Cash Card is it offers a limited 1% cashback on your purchase and 1% when you pay for those purchases. But it offers a cashback discount of at least the minimum due on time. Besides Citi Double Cash Card offers 0% APR on Banalce transfer for the first 18 months. And it requires a good and excellent personal FICO score to get a Citi Double Cash Card. But there has no signup bonus.
8. Journey Student Rewards From Capital One
If you are a student and looking for a credit card with no annual fees and have some rewards then Journey Student Rewards From Capital One can be a good fit for you. It offers simple flat rewards and bonuses for playing at the right time. Most of the students enjoy popular streaming services and if you do then you can earn 5 dollars as a reward per month. Because Journey Student Rewards From Capital One offers 5 dollars each month when you pay streaming services with the Journey Student Rewards From Capital One card. Another best part of the Journey Student Rewards From Capital One is there have no foreign transaction fees. But the thing I didn’t like at all is its high APR. The ongoing APR of Journey Student Rewards From Capital One is 26.99%. Besides, there has no signup bonus. Discover it Student Chrome is the best alternative to Journey Student Rewards From Capital One.
Discover it Student Chrome has no annual fees and offers 0% intro APR on purchase for the first 6 months and 10.99% intro APR on balance transfer. And it doesn’t require an excellent credit score. If you have a personal FICO score of 630 then you are good to go.
9. Wells Fargo Active Cash Card
If you already have a Wells Fargo bank account and have a good background story then you can go for Wells Fargo Active Cash Card. The card has no annual fees and it will rewards with cashback, sing up bonus, and more. You can earn a 200 cash rewards bonus. To get cash rewards you need to spend 1000 dollars on purchase in the first three months of the card activation. The best part of the card is Wells Fargo Active Cash Card offers 2% cash rewards on purchase. Like most other rewards credit cards, Wells Fargo Active Cash Card offers 0% intro APR for the first 15 months. You can also get 600 dollars protection on your cell phone against covered damage or theft. But there has no sign-up bonus.
10. Chase Freedom Flex
Last but not least. Chase Freedom Flex offers lucrative rewards on online purchases, dining, and travel as well. There has no annual fees and offers different rewards programs. If you are a new Chase Freedom Flex cardholder then you can earn 200 dollars sing up bonus. And once you purchase 500 dollars in the first 3 months of card activation you will earn this bonus. It offers a 5% cashback discount on grocery purchases. It also offers another 5% cashback in combined purchases in bonus categories each quarter. Like most other reward cards Chase Freedom Flex credit card offers 0% intro APR for the first 15 months. The best part of the Chase Freedom Flex is the bonus doesn’t expire until you are not going to close or deactivate your card.
FAQs & Answers
What is a rewards credit card with no annual fees?
A rewards credit card with no annual fees is a credit card that is issued by financial institutes. This type of card doesn’t charge any annual maintenance fee and offers different types of rewards programs based on purchase, online payment, and more using the card.
What is the best rewards credit card with no annual fee and bad FICO score?
Discover it Secured is the best rewards credit card with no annual fees with a bad credit score. Their minimum required FICO score is 300 or more. YOu can also take a look at OpenSky Secured Visa, First Progress Platinum Select MasterCard.
How Old Do You Have To Get A Credit Card?
You have to be at least 18 years old to sign up for your own credit card. But if you are less than 18 years then you can get a card as an authorized user.
What Is The Good APR For Credit Cards?
The average APR on a credit card is 18.04%. But a good APR is anything less than 14%.
What Is APR?
APR is the short form of Annual Percentage Rate. It is the annual cost of a loan borrower.
Point VS Cash Back
Some rewards credit cards reward you with cashback on your purchase or expense with the card. And some rewards credit cards offer points based on the use of the card against paying on time, making purchases or online payment with the card. Generally, cash offers are straightforward and this is the beauty of cashback. Besides, based on your spending you will get a maximum or minimum cashback on certain products or at a certain time and you can use the cashback money directly to make another purchase or payment. On the other hand, you can get a discount or buy something using the points you earned by making online payments, purchases, or paying bills. If you are looking for a travel rewards credit card with no annual fees then you should go with those cards that offer points. But at the end of the day, both cards offer a bonus against account opening, meeting a certain threshold, or based on your expense using the card.
Debit Card VS Credit Card
The key difference between a debit card and a credit card is, a credit card allows you to borrow funds from the card provider and pay them later on the other hand a debit card is a payment card that deducts money from your checking account. Raed more best 10 reloadable prepaid cards with no fees.
Here we mentioned the best rewards credit cards for you. Now you know what type of reward credit card is fit for you. And now you can decide what type of card you need. Choose the card that is suitable or fits your needs. You can write to us and let us know which one you like most. If you have any questions feel free to ask us.